USD/CHF - daily technical Forecast

By IBT Staff Reporter On 05/14/10 AT 1:04 AM

USD/CHF closed higher on Thursday and the high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bearish hinting that a high might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term high has been posted. If it renews this month's rally, weekly resistence crossing is the next upside target.